09/24/2019
PGIM receives AIFM approval in the Netherlands
This newly authorised entity follows the announcement in July 2019 that PGIM Investments, the global manufacturer and fund distributor of PGIM, established operations in Switzerland.
Legal, Regulation & Compliance
09/24/2019
EBA launches its 2019 EU-wide transparency exercise
As of this year, the transparency exercise will disclose data with quarterly rather than semi-annual frequency, in order to provide users with more granular supervisory data for time series analysis.
09/24/2019
High Court finds in favour of Lehman administrator in respect of US $7 million trade error
In the present case, following a “colloquial” and “imprecise” oral agreement, both parties were mistaken as to the nature and value of the securities being traded.
09/24/2019
Mexico and UK form alliance to tackle corruption and impunity
Baroness Susan Williams, UK’s Minister of State and Minister of Equalities, introduced the Anti-Corruption and Rule of Law UK and Mexico Prosperity Fund and said it was designed as a “powerful mechanism to maximize our shared prosperity and su
09/24/2019
Handelsbanken signs up to the UN Principles for Responsible Banking
The principles are also intended to emphasise the necessity that the financial sector is governed in line with the Paris Agreement and the 17 Sustainable Development Goals.
09/24/2019
Celebrating inclusion by Victoria Cleland
Given at the House of Lords
09/24/2019
Corporate Criminal Liability and Internal Investigations – Expected Legislative Changes in Germany
The legislative proposal is being discussed extensively in legal practice and academia.
09/24/2019
Appleby Managing Partner Announced as Inspirational Leader of the Year
‘Faye truly deserves to be the Inspirational Leader of the Year for the 2019 IOM Responsible Business Awards.’
09/24/2019
CSSF grants AIFM infrastructure sub-license to IQ-EQ in Luxembourg
IQ-EQ Fund Management (Luxembourg) S.A. offers a full range of AIFM services and solutions including portfolio management, risk management, valuation control, Annex IV reporting, passporting and delegation control.
09/24/2019
Lloyd's reveals depth of sexual harassment culture
It follows a raft of complaints about bullying and sexism at the City institution surfaced earlier this year.
09/24/2019
Police Are Searching for Danske’s Missing Ex-Estonia CEO
Aivar Rehe, who was the chief executive officer of the Danish bank’s Estonian branch in 2006-2015, has been missing since leaving his home in greater Tallinn at about 10 a.m. local time on Monday wearing a black jogging suit, Estonian police spokesm
09/24/2019
Substance and expertise – Guernsey’s insurance mix just works
Reinsurance is a relatively recent development for us, but has grown significantly in recent years and we now have a unique and distinctive offering, based on the collateralised model.
09/24/2019
Apex Group Secures Regulatory Approval for Irish Subsidiary
Through EDB, Apex offers independent banking, depositary and custody services to institutional investors and asset managers for UCITS and alternative investment structures.
09/24/2019
Britons hit with record £5.4bn IHT bill
As a minimum, the level of the nil-rate band should be looked at again and increased in line with inflation.
09/23/2019
MFSA-FIAU joint investigation in Pilatus Bank completed and handed to police
Extensive review launched by both the MFSA and the FIAU before the US indictment of Ali Sadr Hasheminejad has been handed to the Maltese police for further investigation
09/23/2019
‘The men who plundered Europe’: bankers on trial for siphoning …60bn
A cum-ex deal, from the Latin meaning with-without, is a complex set of share transactions with the purpose of getting the state to reimburse a tax that was never paid in the first place.
09/22/2019
Ireland - Update – Beneficial Ownership Reporting Commences
The concept of beneficial ownership in the 2019 Regulations remains unchanged
09/22/2019
Boris Johnson wades into beneficial ownership register spat
In a letter to the chief minister of Guernsey
09/20/2019
Updated FSCS and BoE MoU
The Bank of England prudentially regulates and supervises financial services firms through the Prudential Regulation Authority .
09/20/2019
Asset managers wary of potential new regulatory reporting regime
Asset managers express concerns over additional regulatory reporting burdens in addition to current requirements for MiFID II and AIFMD.